CHARLES BEDINGER GU "A"

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 231176District 09Field 65280200CondensateGasSaveExport
Value, all time
$7.2 M
May 2007 – May 2026
Value, last 12 filed months
$207 k
at the published price for each month
Months reported
229
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition2,123 bbl$163,023
GasProduction1,493,645 Mcf$7,006,391
Total$7,169,413

Every month this lease reported (229)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

229 months

May 202604,305106.413.05$13,112
Apr 202604,28098.932.87$12,282
Mar 202604,30989.753.15$13,571
Feb 202604,27863.503.75$16,044
Jan 202603,64659.138.00$29,160
Dec 202504,49656.664.41$19,842
Nov 202504,68158.593.93$18,380
Oct 202505,24659.383.30$17,337
Sep 202505,39762.743.08$16,606
Aug 202505,70063.933.01$17,184
Jul 202505,16566.743.32$17,123
Jun 202505,15566.483.13$16,129
May 202564,97460.553.23$16,441
Apr 202504,86462.363.54$17,234
Mar 202505,92467.704.27$25,286
Feb 202503,80870.884.34$16,530
Jan 202506,19174.324.28$26,489
Dec 202405,70668.993.12$17,811
Nov 202404,86469.052.20$10,693
Oct 202404,63971.372.28$10,583
Sep 202405,09369.612.36$12,042
Aug 202405,50175.632.06$11,352
Jul 202405,69179.932.15$12,216
Jun 202415,69078.082.63$15,065
May 202405,46878.812.20$12,021
Apr 202404,80284.451.66$7,967
Mar 202404,78080.301.55$7,386
Feb 202404,82976.091.78$8,613
Jan 202405,94673.023.30$19,608
Dec 202305,22971.262.61$13,651
Nov 202305,13777.892.81$14,422
Oct 202305,32785.443.09$16,446
Sep 202304,98289.042.74$13,626
Aug 202305,39780.522.67$14,426
Jul 202305,59874.852.64$14,789
Jun 202305,06268.962.26$11,432
May 202304,96470.622.23$11,057
Apr 202305,02378.122.24$11,240
Mar 202305,37272.852.39$12,856
Feb 202304,33975.112.47$10,699
Jan 202305,45076.533.39$18,463
Dec 202204,64676.415.73$26,617
Nov 202205,40885.005.65$30,535
Oct 202205,54887.185.86$32,532
Sep 202205,21484.888.16$42,565
Aug 202204,99894.529.13$45,618
Jul 202205,226101.587.54$39,415
Jun 202204,729115.097.98$37,724
May 202204,641109.378.43$39,138
Apr 2022714,377104.226.84$37,328
Mar 202204,392108.885.08$22,296
Feb 202203,82691.054.86$18,590
Jan 202205,33981.844.54$24,227
Dec 202107,13571.323.90$27,820
Nov 202107,45077.435.24$39,015
Oct 202106,93279.795.71$39,609
Sep 202105,81969.865.35$31,137
Aug 202104,48766.024.22$18,938
Jul 202104,58270.783.98$18,246
Jun 202104,42469.493.38$14,956
May 202104,43063.483.02$13,368
Apr 202103,83060.362.76$10,565
Mar 202103,16161.302.72$8,588
Feb 202107,15357.805.55$39,684
Jan 202104,51150.412.81$12,677
Dec 202004,70544.642.68$12,588
Nov 202004,33238.772.71$11,725
Oct 202004,45936.972.48$11,051
Sep 202004,02437.091.99$8,012
Aug 202004,20639.982.39$10,032
Jul 202004,77838.371.83$8,720
Jun 202004,13434.901.69$6,988
May 202001,64516.921.81$2,985
Apr 202008,49814.751.80$15,334
Mar 202008,88330.341.86$16,489
Feb 202008,92849.881.98$17,683
Jan 202006,46257.252.09$13,536
Dec 201905,84659.012.30$13,471
Nov 201904,99355.302.75$13,734
Oct 201904,24653.472.42$10,269
Sep 201903,51955.052.66$9,351
Aug 201904,97353.112.30$11,460
Jul 201903,77656.272.46$9,289
Jun 201902,46752.782.49$6,146
May 201904,39158.482.74$12,033
Apr 201904,00962.632.75$11,028
Mar 2019863,89756.803.06$16,818
Feb 201903,41050.852.79$9,521
Jan 201902,91646.033.23$9,413
Dec 201804,89346.594.19$20,479
Nov 201803,99852.934.24$16,940
Oct 201803,82861.443.40$13,008
Sep 201803,68059.543.11$11,437
Aug 201804,07759.403.07$12,502
Jul 201804,17765.142.93$12,246
Jun 201804,30560.183.08$13,246
May 201804,45565.382.90$12,923
Apr 201804,38463.842.90$12,717
Mar 201804,58861.222.79$12,786
Feb 20180061.782.77$0
Jan 201805,81562.874.01$23,314
Dec 201704,41657.272.92$12,901
Nov 201704,05155.423.12$12,632
Oct 201704,28549.292.98$12,785
Sep 20170047.523.09$0
Aug 201704,72845.373.00$14,205
Jul 201704,73843.873.09$14,628
Jun 20170042.493.09$0
May 201704,74845.373.26$15,495
Apr 201704,44347.933.21$14,269
Mar 201704,64446.772.98$13,856
Feb 201704,39950.452.95$12,988
Jan 201705,18149.413.42$17,713
Dec 2016974,73048.763.72$22,339
Nov 201605,41542.492.64$14,319
Oct 201604,78246.193.09$14,778
Sep 201604,26241.553.10$13,215
Aug 201605,34041.442.92$15,616
Jul 201603,87041.622.92$11,317
Jun 201603,71445.352.69$9,975
May 201603,68042.521.99$7,327
Apr 201604,57236.561.99$9,103
Mar 201603,55333.011.79$6,374
Feb 201603,42026.472.06$7,058
Jan 201604,04927.352.36$9,573
Dec 201504,59332.362.00$9,192
Nov 201504,40538.792.17$9,547
Oct 201504,38343.552.43$10,636
Sep 201504,13442.992.76$11,403
Aug 201505,96540.162.87$17,134
Jul 201505,20948.152.95$15,341
Jun 201505,38456.152.88$15,521
May 201505,85555.212.96$17,304
Apr 2015704,50049.822.71$15,667
Mar 201504,95242.892.93$14,533
Feb 201504,12144.662.98$12,265
Jan 20150043.433.10$0
Dec 201401,92454.693.59$6,910
Nov 201402,41370.464.25$10,260
Oct 201401,60178.303.90$6,245
Sep 201401,77686.164.05$7,185
Aug 201403,20589.394.04$12,933
Jul 201406,06296.564.18$25,337
Jun 201406,04398.164.74$28,625
May 201406,02194.734.73$28,459
Apr 201405,48495.944.81$26,373
Mar 20141136,49295.895.06$43,664
Feb 201405,59197.406.19$34,619
Jan 201405,28890.404.86$25,703
Dec 201305,77791.824.35$25,156
Nov 201306,22988.853.74$23,286
Oct 201306,80697.423.78$25,722
Sep 201306,985104.113.72$25,968
Aug 201306,839104.253.52$24,091
Jul 201307,489102.523.72$27,842
Jun 201307,20394.403.93$28,332
May 201307,57494.834.15$31,425
Apr 201307,23993.964.28$31,002
Mar 201307,54593.623.91$29,523
Feb 201306,28491.233.42$21,491
Jan 201333,77091.603.42$13,168
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20123392.662.91$287
Jul 2012762,55285.133.02$14,179
Jun 201205,52579.822.52$13,918
May 201205,77191.612.49$14,360
Apr 201205,227101.652.00$10,437
Mar 2012933,766105.052.22$18,138
Feb 201205,414101.102.57$13,915
Jan 201204,31198.092.73$11,787
Dec 201106,93196.873.24$22,455
Nov 201107,14195.723.31$23,646
Oct 201107,57884.983.65$27,649
Sep 201107,44383.623.99$29,666
Aug 201106,99283.404.15$29,012
Jul 201107,52194.144.52$33,974
Jun 201106,93992.904.64$32,196
May 201107,90498.134.40$34,816
Apr 201107,890105.964.33$34,190
Mar 201108,59396.364.06$34,865
Feb 201106,60385.644.18$27,600
Jan 201108,51686.504.59$39,078
Dec 201008,47285.734.35$36,834
Nov 201008,38880.843.80$31,835
Oct 201007,72378.103.51$27,099
Sep 201007,85972.633.98$31,275
Aug 201008,40873.684.42$37,158
Jul 201008,62572.554.74$40,852
Jun 2010668,60970.364.91$46,917
May 201009,14271.124.24$38,718
Apr 201009,03581.694.12$37,249
Mar 201009,78778.394.39$42,952
Feb 201009,40773.585.44$51,196
Jan 20101918,50974.365.96$64,951
Dec 200909,64071.445.48$52,863
Nov 200909,90874.593.75$37,170
Oct 2009010,43772.544.11$42,899
Sep 2009010,13765.543.06$31,067
Aug 2009010,92067.423.22$35,146
Jul 2009011,17561.133.46$38,716
Jun 20099411,01366.163.90$49,115
May 2009011,92254.743.93$46,803
Apr 2009012,35246.773.59$44,313
Mar 2009011,09242.144.06$45,022
Feb 200913110,15432.814.63$51,342
Jan 2009011,47735.865.37$61,643
Dec 2008011,48937.105.98$68,671
Nov 2008011,45355.496.86$78,572
Oct 200815913,27075.246.92$103,818
Sep 20083112,919101.767.88$104,919
Aug 2008013,436114.228.48$113,978
Jul 2008013,284131.0811.39$151,297
Jun 2008012,785131.3313.03$166,622
May 2008013,269123.1711.57$153,579
Apr 2008014,162110.3110.45$148,062
Mar 200810017,596101.909.66$180,239
Feb 2008017,16092.538.77$150,503
Jan 200815818,56190.388.21$166,587
Dec 2007018,46088.337.30$134,794
Nov 200715720,29791.677.29$162,392
Oct 20075823,26482.856.92$165,838
Sep 200717224,58475.846.24$166,551
Aug 2007028,38769.066.39$181,334
Jul 200718734,20970.906.39$231,783
Jun 2007044,14262.007.55$333,204
May 2007068358.747.85$5,359

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                4,305 Mcf  × $  3.05 =    $13,112

────────────────────────────────────────────────────
Month total                                  $13,112

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 09/G/231176 is the state's own key, not one this site invented.